Toroso Investments LLC Has $1.18 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Toroso Investments LLC boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON – Get Rating) by 1.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 7,042 shares of the conglomerate’s stock after buying an additional 116 shares during the quarter. Toroso Investments LLC’s holdings in Honeywell International were worth $1,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Andesa Financial Management Inc. raised its position in shares of Honeywell International by 23.7% during the third quarter. Andesa Financial Management Inc. now owns 2,229 shares of the conglomerate’s stock valued at $376,000 after buying an additional 427 shares during the last quarter. Cypress Capital Management LLC increased its stake in Honeywell International by 166.1% during the third quarter. Cypress Capital Management LLC now owns 3,802 shares of the conglomerate’s stock valued at $635,000 after acquiring an additional 2,373 shares during the period. Virtu Financial LLC acquired a new position in Honeywell International in the 2nd quarter valued at approximately $844,000. First Financial Corp IN lifted its position in shares of Honeywell International by 3.1% in the 3rd quarter. First Financial Corp IN now owns 6,443 shares of the conglomerate’s stock worth $1,076,000 after acquiring an additional 195 shares during the period. Finally, Ritholtz Wealth Management grew its holdings in shares of Honeywell International by 98.8% during the 3rd quarter. Ritholtz Wealth Management now owns 12,787 shares of the conglomerate’s stock worth $2,135,000 after purchasing an additional 6,354 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Honeywell International Price Performance

Honeywell International stock opened at $184.64 on Friday. The business’s fifty day moving average is $201.18 and its two-hundred day moving average is $199.50. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.98 and a current ratio of 1.25. The firm has a market cap of $123.37 billion, a P/E ratio of 25.40, a P/E/G ratio of 2.34 and a beta of 1.10. Honeywell International Inc. has a 52 week low of $166.63 and a 52 week high of $220.96.

Honeywell International (NASDAQ:HON – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The conglomerate reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.01. The business had revenue of $9.19 billion for the quarter, compared to the consensus estimate of $9.26 billion. Honeywell International had a net margin of 14.00% and a return on equity of 32.89%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.09 EPS. Equities research analysts forecast that Honeywell International Inc. will post 9.03 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 24th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, February 23rd. Honeywell International’s dividend payout ratio is 56.67%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. HSBC raised their target price on Honeywell International from $190.00 to $205.00 and gave the stock a “hold” rating in a research report on Tuesday, February 14th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Honeywell International from $242.00 to $235.00 in a report on Friday, February 3rd. UBS Group lowered their target price on shares of Honeywell International from $193.00 to $185.00 and set a “sell” rating on the stock in a research note on Tuesday, February 28th. Morgan Stanley raised their price target on shares of Honeywell International from $209.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, February 3rd. Finally, The Goldman Sachs Group upped their price objective on Honeywell International to $234.00 in a research note on Monday, November 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus price target of $214.88.

About Honeywell International

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Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business, and transportation.